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Semtech Wins Award

Semtech Corp. has been given the 2022 Global Company of the Year Award for its Internet-of-Things hardware by Frost & Sullivan.

The Camarillo-based semiconductor and Internet-of-Things (IoT) products manufacturer was recognized by the San Antonio, Texas-based consulting and market research firm for its innovative products and technologies and the resulting leadership in terms of customer value and market penetration, according to a release from the company.

Semtech technology lets its customers connect end nodes and low-power wide area networks (LPWAN) remotely for IoT products through its long-range, low-power, or LoRa, hardware. The company’s devices support the development of massive IoT use cases in various industries, including residential real estate, agriculture and logistics.

Cecilia Perez, a best-practices research analyst with Frost & Sullivan, said that Semtech’s technology integrates LoRa’s low-power features with cellular bandwidth to allow developers to build smart products.

“Continuous efforts to support the rapid growth of LoRa position Semtech as a preferred hardware provider in the IoT space,” Perez said in a statement.

With the capabilities of performance, capacity and connectivity, Semtech’s technologies are gaining mass adoption rates, reaching over 5 million gateways in service and 270 million endpoints deployed worldwide, as of September 2022, the company’s release said.

Each year, Frost & Sullivan presents its Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field, the Semtech release added.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is Interim Editor at the Los Angeles Business Journal and the Inside The Valley. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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